24190 Us Highway 98 Daphne, AL 36526
This exceptional Fairhope office suite, located in Montrose Square on Highway 98, offers 2,720 square feet of fully improved space. Renovated in 2020, the suite boasts a modern design featuring a lobby/reception area, a dedicated conference room, seven private offices, an open workspace ideal for collaboration, a secure IT room with its own AC unit, a convenient copy area, and a well-equipped kitchen. High-quality finishes include luxury vinyl plank (LVP) flooring and carpet squares. Restrooms are shared with one other tenant. The property sits on a 14.81-acre lot and is part of a larger building totaling 6,000 square feet, a Class B building constructed in 1995. The building is a two-story structure with a total of 31 parking spaces, providing a convenient 5/1000 parking ratio. This single-tenant occupancy opportunity includes real estate taxes, insurance, and common area maintenance (CAM) in the lease rate. Utilities and janitorial services are the responsibility of the tenant. This is a fantastic opportunity for a business seeking a well-maintained, conveniently located office space in the thriving Fairhope area. The property is situated in Baldwin County, Alabama.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.